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AML Scenario Optimization for Financial Institutions
What points should be considered when updating AML scenarios, how are false positives handled? How and how often should the risk-based approach be considered in scenario optimization?
Live sessions
Virtual class
Advanced
Live: 1 day
Virtual: 2x3 hrs
AMLTHINK ACADEMY
Who Should Attend?
- Compliance Officers
- Compliance Staff
- Risk Managers
- AML Specialists
- AML Case Managers
- Transaction Monitoring Staff
- Consultants
- Internal Auditors
- Investigators
- Academicians
AMLTHINK ACADEMY
Instructor
AMLTHINK ACADEMY
Course Content
1
INTRODUCTION
- Overview: Proceeds of crime, financing of terrorism and money laundering
- Regional / global crime trends and risks for financial institutions
- National and international regulations
- Regional / global crime trends and risks for financial institutions
- National and international regulations
2
SUSPICIOUS ACTIVITY REPORTING
- Preliminary analysis for proper identification of suspicion
- Use of existing data in the detection and interpretation of suspicion
- Use of open sources in detecting suspicious transactions
- Identification and interpretation of high risk indicators
- Ways to explain and support information when reporting suspicious transactions
- Tips for an effective SAR
- What happens after SAR reporting?
- Case study
- Use of existing data in the detection and interpretation of suspicion
- Use of open sources in detecting suspicious transactions
- Identification and interpretation of high risk indicators
- Ways to explain and support information when reporting suspicious transactions
- Tips for an effective SAR
- What happens after SAR reporting?
- Case study
3
MOST COMMON MISTAKES for SARs
- Common mistakes for the identification of suspicion
- Common mistakes for the analysis of suspicion
- Common mistakes for the reporting of suspicion
- Self-Confidence risk for Reporting Entities
- Common mistakes for the analysis of suspicion
- Common mistakes for the reporting of suspicion
- Self-Confidence risk for Reporting Entities
4
HOW TO MONITOR TRANSACTIONS?
- The scope of transactions to be monitored
- How to conduct transaction monitoring
- AML Softwares for transaction montoring
- Pros and Cons
- How to conduct transaction monitoring
- AML Softwares for transaction montoring
- Pros and Cons
5
TIPS FOR EFFECTIVE USE of AML SOFTWARE SOLUTIONS
- Types and functions of AML software
- Points to look for in AML software selection
- Tips for effective use of AML software
- Points to look for in AML software selection
- Tips for effective use of AML software
6
THE IMPORTANCE of UPDATING AML SCENARIOS
- Why optimization?
- How often?
- How often?
7
AML SCENARIO OPTIMIZATION
- The importance of AML scenarios
- Fundamentals of risk-based approach in optimization
- The stages of optimization
- Fundamentals of risk-based approach in optimization
- The stages of optimization
8
OPTIMIZATION APPROACHES
- Analytical approach
- Expert view approach
- Mixed approach
- Expert view approach
- Mixed approach
9
UPDATE METHODOLOGY
- Methodological approach
- Data management
- Update environment
- Cross collaboration approach
- Measurement: Before / After
- Red flags - Gap analysis
- Data validation
- Threshold validation
- Testing the logical integrity of the scenarios
- ATL/CTL tests
- Risk assessment process management
- Data management
- Update environment
- Cross collaboration approach
- Measurement: Before / After
- Red flags - Gap analysis
- Data validation
- Threshold validation
- Testing the logical integrity of the scenarios
- ATL/CTL tests
- Risk assessment process management
10
WATCH LIST FILTERING
- List types and scopes
- Sanction screening
- Sanctions and the importance of compliance, risks
- Sanction screening
- Sanctions and the importance of compliance, risks
AMLTHINK ACADEMY
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Frequently Asked Questions
How do I enroll or register for this course?
It is important to note that the AMLTHINK ACADEMY Training Packages are offered institutionally. If you would like to take the training courses individually, you can contact us.
What is included in the course content?
AMLTHINK ACADEMY Training Package includes presentations, videos, exams, training materials, and your certificate.
How can I view the training content?
Presentations, videos, exams, training materials, and certificates included in AMLTHINK ACADEMY Training Package are offered exclusively to our members who participate in our training program.
Will a certificate be issued after the training?
After the training, a certificate of completion or certificate of attendance will be issued depending on the level of training. Your certificates will be issued depending on the completion of the training in the case of training without examination and on the passing of the examination in the case of training with examination. Your certificates will be sent to your address and can be downloaded electronically from your AMLTHINK ACADEMY profile page.
Can I enroll or register for this course individually?
If you would like to enroll or register for this course individually, you can contact us.
Can I download the training materials in this course?
The training materials included in the course can be downloaded by our members who have attended the course. If the training materials are updated, the updated versions of the materials will be sent to our members who attended the training.
How can I track my online training?
After logging in with the username and password we gave you in the Member Login section, you will be directed to the training page you received from the system. On this page, you can view your progress in training and pick up where you left off.
